You may wish to give back to the community through a series of donations over several years. If so, consider the everlasting benefits you could generate through a foundation that operates in perpetuity.
The Federal Government introduced Prescribed Private Funds (PPFs) in November 1999 to encourage private individuals, families and businesses to establish charitable foundations of their own. They are similar to the popular Endowment Funds that operate in the United States.
You can build the investment portfolio of your PPF over a number of years through a series of tax deductible contributions. The giving program commences during your lifetime so that you have the pleasure of seeing the benefits, but can also continue beyond your death as a perpetual foundation or memorial. You can use a PPF to develop a sense of social responsibility within your family; now and in generations to come.
Australian Executor Trustees (AET) specialises in helping clients create and administer their own PPFs.
Our service includes:
- Developing an ‘Accumulation Plan’ by which you will build your PPF through a series of donations
- Arranging preparation of the Trust Deed
- Registering the PPF and obtaining ATO approval
- Helping you determine the charities that are to benefit from your generosity
In addition, you may wish AET to act as a trustee on your PPF.
AET works in partnership with clients and financial advisers in developing and managing Prescribed Private Funds.
Find out more
An Australian Executor Trustees Estate Planning Specialist can assist you in establishing a Prescribed Private Fund. Click here to view our brochure or for more information contact your financial adviser or call us today on 1800 882 218.